Market Votes for Oracle
Win"> The market is voting for an Oracle win. PeopleSoft stock went up 8 percent this first week of the trial, closing at $18.75. As the San Jose Mercury News noted, that bumps up the price closer to Oracles current bid of $21 per share. Its a heck of a lot healthier gain than the Nasdaq composite index, the Mercury News pointed out, which gained just 1 percent over the same timeframe. It makes sense that the markets willing to up its bid for PeopleSoft price if it thinks that the price will eventually hit $21. (Click here for the Mercury News article "More Investors Think Oracle Will Win," which requires free registration to view.)(Click here for the Mercury News article "Ex-Edwards exec supports U.S. case," which quotes Walker. Free registration is required.) Walker is still evincing skepticism about whether theres a clear distinction between the needs of big enterprises and the midmarket. Unless the DOJ manages to convince the judge that there is indeed what Walker is calling a "membrane" that separates midmarket vendors from making it into the big time, we might all want to start thinking about buying up some PeopleSoft stock, because Oracle just might pull this off. Please register for TalkBack below and tell me and other readers what you think, or write to me at email@example.com. eWEEK.com Associate Editor Lisa Vaas has written about enterprise applications since 1997. Check out eWEEK.coms Database Center at http://database.eweek.com for the latest database news, reviews and analysis.
Judge Vaughn Walker is confused. The presiding judge in this case still hasnt figured out the difference between the midmarket and the market above it, as we can see in the questions he posed to Richard Allen.